Prøve GULL - Gratis
Debt Resolution Uptick in Q1 as NCLT Vacancies Get Filled
Mint Kolkata
|July 02, 2025
In the June quarter, 58 sick companies were salvaged by their creditors and new investors
Creditors rescued 69 indebted businesses in the June quarter through the Insolvency and Bankruptcy Code (IBC) route, improving upon resolutions in the year-ago period but falling a tad lower sequentially, showed official data.
In Q1 FY25, 58 sick companies were salvaged by their creditors and new investors, showed data available from the Insolvency and Bankruptcy Board of India (IBBI), the sector's rule-maker.
The improvement comes in the wake of the government filling vacancies in the National Company Law Tribunal (NCLT)—the judicial authority that clears debt resolution schemes under the bankruptcy code.
As of March this year, it had 60 members out of 63 sanctioned posts, data available from the tribunal showed.
That is a major improvement, given that at the end of September 2024, the tribunal had only 43 members, or 30% short of its sanctioned strength, Mint reported on 6 December.
Denne historien er fra July 02, 2025-utgaven av Mint Kolkata.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Kolkata
Mint Kolkata
ACME to invest ₹5k cr in green steel
CME Group is planning to invest ₹5,000 crore to set up a direct reduced iron (DRI) facility, according to industry sources.
1 min
October 13, 2025
Mint Kolkata
'FPIs, capex and earnings will drive markets up in Samvat 2082'
India is a market where exit is easy but entry is tough, says Nilesh Shah, MD of Kotak Mahindra AMC, the fifth-largest mutual fund based on quarterly assets under management (AUM) as of September-end.
4 mins
October 13, 2025
Mint Kolkata
Etihad focuses on premium India mkt
Etihad Airways, which operates 185 flights a week across 11 Indian cities, is banking on premium travel experience, customer segmentation and strategic partnerships to drive its business growth in the country, which is among the top three global markets for the airline, said an official of the Abu Dhabi-based carrier.
1 min
October 13, 2025
Mint Kolkata
Inside the West's race to defend the Arctic
Russia holds a large advantage in the high north. NATO’s effort to catch up is beset by challenges.
5 mins
October 13, 2025
Mint Kolkata
Meet Indian experts training AI models
60% of revenue derived from US clients. Since then, the market has significantly accelerated
2 mins
October 13, 2025
Mint Kolkata
Chip supply chain braces for China’s new rare earth curbs
Businesses across global semiconductor supply chain are bracing themselves for disruptions from China’s most targeted move yet to limit supplies of rare-earth materials as part of an escalating trade war between the Asian nation and the US.
2 mins
October 13, 2025
Mint Kolkata
India IMDb's second-largest market, led by multilingual content
India, known for its rich entertainment ecosystem and linguistic diversity, is now the second-largest audience for IMDb, the Internet movie database owned by Amazon, after the United States. Over the last five years, IMDb’s monthly visitors from India have doubled, said Yaminie Patodia, head, IMDb India, in a conversation with Mint.
1 mins
October 13, 2025
Mint Kolkata
Is Al cutting women out of leadership roles?
A recent report highlights anew culprit behind the ‘leaky pipeline’ that is excluding women from the workforce
3 mins
October 13, 2025
Mint Kolkata
Will new capital rule aid SBI Cards?
SBI Cards and Payment Services is seen as a potential beneficiary of the Reserve Bank of India's (RBI) revised risk weight-based capital adequacy norms.
2 mins
October 13, 2025
Mint Kolkata
Electricity reform: This time, let's make a go of it
Proposed legislative amendments aimed at fixing what ails this vital sector could help make Indian industry more competitive. Two proposals stand out that spell hope over experience
2 mins
October 13, 2025
Listen
Translate
Change font size